Speculation and analysis involving penny stocks and their promotion with your host, Big T...the king of penny stock picks!

Wednesday, September 01, 2010

Watchers for the 9-2-10 trading session

RMCP

At the top of my list for Thursday is this Supernovae scan return, which sported some serious high wave stick action today. Now weakening, the object is to fade panic selling or profit taking, if shorting cues appear. It could have one last gasp or so, with early, perhaps from the bell spiking, but look for shares.

REXX

Still in play from last time, this over extension candidate closed lower than it opened but still green. Fade weakness cues if they arise. This is getting overdue for a decent distribution day.

LBSR

A comparable situation here. Daily near doji print finished red today and might have a bit more down side left. Fade weakness only, this has been a beast and a short squeezer in a long run up. Do not fade a top fish ploy.

FOE

Breakout or fake out candidate, this has a ceiling on the daily chart at about the mid 11.60s or so. It has essentially triple topped (counting today) in the past month on a correction. This is a short if we test and fail at the above level and a long if we print over it on volume with acceleration. Either is possible here for a play.

ATADF

Closed near hod. A Pinkie that closed up nearly 50% on no obvious news. I like those odds. Prepare to short if you can find shares and if it sports early weakness cues, like morning green to red, morning panic, etc. Could use more volume. I would be be flat until it presents a chance to fade this likely undeserved move.

BETM

Application use news catalyst drove this up over 215% Possible early spiking for a scalp long entry. The real play will be a short on weakness cues, once the hype dies, which could come as soon as tomorrow.

INOL

Genetic makeup test news item drove this up over 3K% so aside from early spikes for long scalps, the play will be to short profit taking dumps and other weakness cues. Share availability may be hard to come by.